Sinopec Shanghai Petrochemical Company Limited (OTCMKTS:SPTJF – Get Free Report) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 755,789 shares, a growth of 188.5% from the May 31st total of 261,989 shares. Based on an average trading volume of 564 shares, the days-to-cover ratio is presently 1,340.1 days.
Sinopec Shanghai Petrochemical Stock Performance
Shares of OTCMKTS SPTJF opened at $0.15 on Friday. Sinopec Shanghai Petrochemical has a 52-week low of $0.13 and a 52-week high of $0.21. The firm has a 50 day moving average price of $0.16 and a 200 day moving average price of $0.17.
About Sinopec Shanghai Petrochemical
Sinopec Shanghai Petrochemical Company Limited is a leading integrated petrochemical enterprise based in Shanghai, China. Established in the early 1970s as one of the country’s first major refining and petrochemical complexes, it was incorporated in its current listed form in 2000. As a subsidiary of China Petroleum & Chemical Corporation (Sinopec), the company operates one of Asia’s largest single-site oil refining and petrochemical facilities in the Jinshan District of Shanghai.
The company’s core business activities encompass the refining of crude oil into automotive and industrial fuels, as well as the production of a broad range of basic and intermediate petrochemical products.
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